Sam Lessin: The decade-long venture capital seed factory model is dead
“The version of Sea we had in the last decade is over. The capital factory is over. It's, someone will claim it back in some way, shape, or form, but it is dead.”
Spiller saw one same-day investor commitment across 10,000 interactions
“I think I've seen it once. Like at least, I mean, thousands, like, you know, probably 10,000 interactions I've, you know, have brokered.”
Spiller: Capital Factory writes $100k-$200k checks into seed rounds
“We advise. Companies initially, we take a little piece of advisor equity. It's sort of like the evolution of our accelerator. And then separately, we invest directly a lot into those companies, but also separately. And we're usually writing a hundred to 200,00…”
Spiller: 98% of Capital Factory's portfolio companies are based in Texas
“We're very big on Texas. 98% of our companies are based in Texas. The ones who aren't have a very strong tie here.”
Spiller: Capital Factory startups received $500M+ in DoD funding since 2019
“And our companies have received over half a billion dollars in non-dilutive funding from these DOD groups since two, 2019.”
Boebel: Pingboard originated as a front-desk visitor directory for Capital Factory
“So we built that initially, actually, out of a need we had at Capital Factory. We needed basically a member directory and something sitting at the front door so that a visitor could, Browse the, or search the directory, and ping the person they were there to s…”